Equities research analysts expect that Global Payments Inc (NYSE:GPN) will post sales of $1.04 billion for the current quarter, according to Zacks. Twelve analysts have issued estimates for Global Payments’ earnings, with the highest sales estimate coming in at $1.05 billion and the lowest estimate coming in at $1.03 billion. Global Payments reported sales of $924.28 million during the same quarter last year, which indicates a positive year over year growth rate of 12.5%. The firm is scheduled to announce its next quarterly earnings report on Thursday, May 2nd.

According to Zacks, analysts expect that Global Payments will report full-year sales of $4.46 billion for the current financial year, with estimates ranging from $4.44 billion to $4.48 billion. For the next fiscal year, analysts expect that the firm will post sales of $4.77 billion, with estimates ranging from $3.69 billion to $4.94 billion. Zacks Investment Research’s sales averages are an average based on a survey of research firms that that provide coverage for Global Payments.

Global Payments (NYSE:GPN) last announced its earnings results on Wednesday, February 13th. The business services provider reported $1.33 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.25 by $0.08. The business had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.04 billion. Global Payments had a return on equity of 19.11% and a net margin of 13.43%. Global Payments’s revenue for the quarter was up 12.3% compared to the same quarter last year. During the same period last year, the company earned $1.07 EPS.

Several research analysts recently issued reports on the company. Zacks Investment Research raised Global Payments from a “sell” rating to a “hold” rating in a research report on Monday, February 18th. reaffirmed an “outperform” rating and set a $143.00 target price (up from $130.00) on shares of Global Payments in a research report on Thursday, February 14th. Atlantic Securities lowered Global Payments from an “overweight” rating to a “neutral” rating and set a $133.36 target price for the company. in a research report on Thursday, March 21st. ValuEngine raised Global Payments from a “hold” rating to a “buy” rating in a research report on Wednesday, February 13th. Finally, Mizuho raised their target price on Global Payments to $136.00 and gave the stock a “buy” rating in a research report on Thursday, February 14th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and sixteen have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $134.67.

Shares of NYSE:GPN opened at $136.52 on Friday. The firm has a market cap of $21.33 billion, a P/E ratio of 26.30, a P/E/G ratio of 1.33 and a beta of 1.20. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.03 and a quick ratio of 1.03. Global Payments has a 12-month low of $94.81 and a 12-month high of $137.13.

The firm also recently declared a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were issued a dividend of $0.01 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $0.04 dividend on an annualized basis and a yield of 0.03%. Global Payments’s payout ratio is currently 0.77%.

In other news, Director Alan M. Silberstein sold 4,276 shares of the firm’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $132.43, for a total value of $566,270.68. Following the completion of the sale, the director now directly owns 51,049 shares in the company, valued at approximately $6,760,419.07. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Cameron M. Bready sold 34,308 shares of the firm’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $131.33, for a total value of $4,505,669.64. Following the completion of the sale, the insider now owns 138,520 shares of the company’s stock, valued at $18,191,831.60. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 212,629 shares of company stock valued at $27,541,772. Company insiders own 0.88% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of GPN. JPMorgan Chase & Co. grew its stake in shares of Global Payments by 14.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,520,530 shares of the business services provider’s stock valued at $575,914,000 after buying an additional 581,025 shares during the period. MML Investors Services LLC acquired a new position in Global Payments during the 3rd quarter valued at about $269,000. Bank of New York Mellon Corp boosted its stake in Global Payments by 4.8% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,128,906 shares of the business services provider’s stock valued at $143,822,000 after purchasing an additional 51,524 shares during the last quarter. American International Group Inc. boosted its stake in Global Payments by 5.3% during the 3rd quarter. American International Group Inc. now owns 55,932 shares of the business services provider’s stock valued at $7,126,000 after purchasing an additional 2,815 shares during the last quarter. Finally, Credit Suisse AG boosted its stake in Global Payments by 8.6% during the 3rd quarter. Credit Suisse AG now owns 215,766 shares of the business services provider’s stock valued at $27,486,000 after purchasing an additional 17,046 shares during the last quarter. Institutional investors own 98.79% of the company’s stock.

About Global Payments

Global Payments Inc provides payment technology and software solutions for card, electronic, check, and digital-based payments. The company operates in three segments: North America, Europe, and Asia-Pacific. It offers authorization services, settlement and funding services, customer support and help-desk functions, chargeback resolution, terminal rental, sales and deployment, payment security services, consolidated billing and statements, and online reporting services.

Read More: How to invest in a bear market

Get a free copy of the Zacks research report on Global Payments (GPN)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Global Payments (NYSE:GPN)

Receive News & Ratings for Global Payments Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Global Payments and related companies with MarketBeat.com's FREE daily email newsletter.